Are Theft Losses Deductible In 2025 . ©2007 Prentice Hall, Inc.. ppt download 88-272) placed a $100-per-event floor on the deduction, corresponding to the $100 deductible provision common in property insurance coverage at that time. As personal casualty losses are generally disallowed under § 165(h)(5) for 2018 through 2025 (absent personal casualty gains or a federally declared disaster), Taxpayers 4.
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The TCJA modified the rules for casualty and theft loss deductions A theft loss deduction is generally available, however, if the loss is due to theft related to a transaction entered into for profit
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